SOUTHWEST AIRLINES AND TRANSPORT WORKERS UNION LOCAL 550 (TWU 550) REACH TENTATIVE AGREEMENT FOR METEOROLOGISTS

Rhea-AI Summary

Southwest Airlines (NYSE: LUV) announced a Tentative Agreement with the Transport Workers Union Local 550 for its Meteorology Employees on April 24, 2023. This agreement recognizes the expertise of Meteorologists and was praised by Adam Carlisle, Southwest's VP of Labor Relations, for its fair negotiation. Brian Brown, TWU 550 President, highlighted that the deal offers competitive wages, quality of life improvements, and essential job security measures aimed at benefiting Meteorologists for years. Details of the agreement will be shared directly with TWU 550 members regarding the voting process. Southwest Airlines, based in Dallas, is known for its employee-first culture and has maintained a record of no involuntary furloughs or layoffs since its inception. The company continues to emphasize its commitment to profitability and its community-oriented mission.

Positive

• Tentative Agreement offers competitive wages and quality of life improvements for Meteorologists.
• The agreement ensures job security for Meteorology Employees.

Negative

• None.

DALLAS, April 24, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the Transport Workers Union Local 550 (TWU 550) today announced that they reached a Tentative Agreement for the airline's Meteorology Employees.

"This agreement rewards our Meteorologists for their expertise and many contributions to our business," said Adam Carlisle, Vice President Labor Relations at Southwest Airlines^®. "I appreciate the hard work from both Negotiating Teams to reach an agreement for Employees to vote on."

"The Board of TWU 550 would like to thank the Negotiating Committees of both parties for their hard work and diligence to provide our Meteorologists with this Tentative Agreement" said Brian Brown, President of the TWU 550. "Together, these Teams produced a Collective Bargaining Agreement that provides our Members with competitive wages, quality of life improvements, and vital job security measures that will benefit our professional Meteorologists for years to come."

This Tentative Agreement covers Southwest's Meteorologists. The TWU 550 will share details directly with its members about the agreement and the voting process.

ABOUT SOUTHWEST AIRLINES CO.  

Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 11 countries. Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline.¹ Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its more than 66,000² People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among as many as 130 million Customers carried a year. That formula for success brought industry-leading prosperity and 47 consecutive years³ of profitability for Southwest Shareholders (NYSE: LUV). Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship. Southwest is also continuing to develop tangible steps toward achieving carbon neutrality by 2050, including offering Customers an opportunity to help the airline offset its carbon emissions. To be part of the solution, visit Southwest.com/wannaoffsetcarbon.

1) U.S. Dept. of Transportation most recent reporting of domestic originating passengers boarded   
2) Fulltime-equivalent active Employees    
3) 1973-2019 annual profitability   

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SOURCE Southwest Airlines Co.

FAQ

What is the Tentative Agreement reached by Southwest Airlines (LUV) on April 24, 2023?

Southwest Airlines reached a Tentative Agreement with the Transport Workers Union Local 550 for its Meteorology Employees, offering competitive wages and job security.

How does the Tentative Agreement benefit Meteorologists at Southwest Airlines (LUV)?

The Tentative Agreement provides competitive wages, quality of life improvements, and vital job security measures for Meteorologists.

Who announced the Tentative Agreement for Southwest Airlines (LUV) Meteorologists?

The Tentative Agreement was announced by Southwest Airlines and the Transport Workers Union Local 550.

What does the Tentative Agreement for Southwest Airlines (LUV) entail?

The Tentative Agreement entails a collective bargaining agreement focusing on competitive compensation and job security for Meteorology Employees.